Situated at 108 Leonard Street in Manhattan’s iconic Tribeca neighborhood, this rehab condominium combines historical grandeur and modern sophistication. Initially built in 1898 and converted in 2019, 108 Leonard has redefined luxury living in the Civic Center area. With 16 floors and 166 meticulously designed units, it is a prime example of how New York City’s architectural heritage can be transformed for contemporary lifestyles.
Developed by Elad Group in collaboration with Civic Center Community Group Broadway, this building has captivated the market with its blend of old-world charm and state-of-the-art amenities. Designed by SLCE Architects, with interiors by Jeffrey Beers International, the property offers residences ranging from $1.42 million to $24.45 million. Sales began in 2018, and 87% of the units have been sold, reflecting its enduring appeal.
Historical Significance Meets Modern Design
The architecture of 108 Leonard Street pays homage to New York City’s rich history while embracing the standards of contemporary luxury. This harmonious blend makes it a standout in Tribeca’s competitive real estate market. The careful renovation retains its historical charm while offering residents modern conveniences.
108 Leonard Street’s historical facade and lobby exude the grandeur of New York’s past. Initially constructed in 1898, the building’s exterior showcases intricate stonework and architectural details that harken back to the Gilded Age. The modern renovations seamlessly integrate contemporary elements with historic features, offering residents a unique living experience.
The renovation led by SLCE Architects has maintained the building’s architectural integrity while introducing modern conveniences. The interiors reflect a thoughtful balance between history and innovation, from oversized moldings to chevron-patterned oak floors.
Key Architectural Highlights
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Exterior: Restored facade featuring ornate stone details and grand arched windows.
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Interior: Sophisticated renovations by Jeffrey Beers International, combining classic design with modern functionality.
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Public Spaces: A grand lobby and common areas that pay homage to the building’s historic roots.
Residences: A Harmony of Elegance and Comfort
The residences at 108 Leonard Street epitomize sophistication and comfort, with every detail meticulously crafted to enhance the living experience. From the elegant interiors to the modern appliances, each unit offers a perfect balance of style and functionality.
Interior Features
The 166 residences at 108 Leonard Street are crafted to provide a luxurious yet comfortable living environment. Each unit boasts:
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Oversized Moldings: Adding a touch of classic elegance to every room.
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Chevron-Patterned Oak Floors: Timeless flooring that enhances the aesthetic appeal.
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High-End Appliances: State-of-the-art kitchen setups featuring premium brands.
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Spa-Inspired Bathrooms: Equipped with rain showers, sleek vanities, and modern tiling.
Unit Types
Whether you’re seeking a cozy studio or a sprawling multi-bedroom residence, 108 Leonard Street offers a variety of layouts:
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Studios: Perfect for professionals or pied-à-terre seekers.
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One-Bedroom Units: Ideal for singles or couples looking for a modern home.
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Two-Bedroom Units: Spacious layouts suitable for small families.
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Three-Bedroom Units: Designed with families and larger households in mind.
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Four-bedroom residences: Luxurious spaces with private terraces and stunning city views.
Amenities: Luxury Redefined
108 Leonard Street’s amenities are designed to cater to the diverse needs of its residents. These thoughtfully curated spaces provide relaxation, fitness, and social interaction opportunities, creating a truly luxurious living environment.
108 Leonard Street offers an impressive array of amenities to elevate the living experience. These spaces provide opportunities for relaxation, fitness, and entertainment.
Indoor Amenities
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Wine Cellar with Private Dining Room: A sophisticated space for intimate gatherings.
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75-Foot Lap Pool: Perfect for fitness enthusiasts and leisure swimmers.
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Fitness Center: Equipped with private training rooms and state-of-the-art machines.
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Lounge Areas: Elegant communal spaces for socializing or unwinding.
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Steam and Sauna Rooms: Spaces designed to promote relaxation and wellness.
Outdoor Amenities
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Roof Deck: Offers panoramic views of the Manhattan skyline, complete with lounge seating and outdoor dining areas.
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Garden Areas: Lushly landscaped spaces provide a peaceful retreat from the urban bustle.
Exclusive Services
Residents enjoy a range of high-end services, including:
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24/7 Concierge and Doorman: Ensuring convenience and security.
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On-Site Management: Providing efficient handling of resident needs.
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Private Training Rooms: Ideal for personalized fitness sessions.
Tribeca: A Neighborhood Like No Other
Tribeca’s unique charm and cultural vibrancy make it one of Manhattan’s most coveted neighborhoods. With its historic architecture, upscale amenities, and close-knit community, Tribeca offers a lifestyle that is both exclusive and welcoming.
The Appeal of Tribeca
Living at 108 Leonard Street means being at the heart of Tribeca, one of Manhattan’s most desirable neighborhoods. Known for its cobblestone streets, historic buildings, and cultural vibrancy, Tribeca offers a unique blend of old and new.
Local Attractions
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Cultural Landmarks: Proximity to the World Trade Center, One World Observatory, and the Tribeca Film Festival.
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Dining and Nightlife: Many high-end restaurants, trendy cafes, and lively bars exist.
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Shopping: Luxury boutiques and independent retailers line the streets, providing an unparalleled shopping experience.
Connectivity
Tribeca offers excellent connectivity to the rest of Manhattan and beyond:
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Subway Access: Multiple lines, including the 1, 2, 3, A, C, E, and R trains.
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Walkability: A pedestrian-friendly area with easy access to parks, the Hudson River, and neighboring districts.
Market Performance and Investment Potential
The market performance of 108 Leonard Street underscores its appeal as both a residence and an investment. With its prime location, luxurious features, and strong sales record, it is a property that continues to attract discerning buyers and investors.
Sales Trends
Since its launch, 108 Leonard Street has demonstrated strong market performance:
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Units Sold: 144 out of 166, reflecting an 87% sell-through rate.
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Sales Velocity: Averaging 0.8 units sold per month over the past year.
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Remaining Inventory: A mix of unit types, including luxury penthouses.
Investment Appeal
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Historical Significance: The building’s iconic status enhances its value over time.
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Location Advantage: Tribeca’s desirability ensures consistent demand and potential for property appreciation.
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Rental Opportunities: High-end units attract affluent renters, providing a steady income for investors.
Developer Credibility
Elad Group and Civic Center Community Group Broadway are renowned for excellence in luxury developments. Their meticulous attention to detail and commitment to quality ensure that 108 Leonard Street stands out as a premier property.
FAQs
What types of residences are available at 108 Leonard Street?
The building offers studios, one- to four-bedroom units, and exclusive penthouses designed with luxury finishes and modern layouts.
What is the price range for units at 108 Leonard Street?
Units range from $1.42 million to $24.45 million, depending on size and features.
What amenities does 108 Leonard Street provide?
Residents enjoy amenities like a wine cellar, private dining room, lap pool, fitness center, lounge areas, and rooftop garden spaces.
Is 108 Leonard Street pet-friendly?
Yes, the building is pet-friendly and features amenities suitable for pet owners.
What makes Tribeca a desirable location?
Tribeca offers a mix of historic charm, cultural attractions, high-end dining, and excellent connectivity, making it one of Manhattan’s most sought-after neighborhoods.
How accessible is 108 Leonard Street?
The building is conveniently located near multiple subway lines and is easily walkable to parks and nearby districts.
Who designed 108 Leonard Street?
The renovation was led by SLCE Architects, with interiors by Jeffrey Beers International.
What is the sales status of 108 Leonard Street?
Currently, 87% of the units have been sold, with a mix of luxury units still available.
Are there customization options for buyers?
Yes, buyers can personalize select units with custom finishes and layouts.
What makes 108 Leonard Street a good investment?
Its prime location, historical significance, luxurious amenities, and consistent market demand make it a valuable investment opportunity.
108 Leonard Street embodies the essence of timeless elegance and modern living. With its rich history, luxury features, and premier location, it offers an unparalleled lifestyle in the heart of Tribeca. Whether seeking a new home or a lucrative investment, 108 Leonard Street delivers unmatched quality and sophistication.
